Dual carbon batteries are batteries that have both the anode and cathode
made of carbon. These batteries get charged roughly twenty times faster
and last longer, as compared to high-end lithium-ion batteries, thus
offering a significant advantage that can be used in multiple
applications. In 2014, a Japanese company named Power Plus Japan (PJP)
became the first company to commercialize its production. The company is
marketing its batteries using the name Ryden.

The market is likely to be driven by the growing adaptation of EVs, as
EVs offer a clean alternative to vehicles with internal combustion
engines (ICE). In 2016, new registrations of electric cars hit a new
record, with worldwide sales of over 750 thousand. Furthermore, the
global electric car stock crossed two million vehicles in 2016, after
crossing the one million threshold in 2015. The growth was primarily led
by the United States and until 2015, the country accounted for the
largest chunk of the global electric car stock.

In 2016, China had the largest electric car stock across the globe, with
about one-thirds of the global total. China also has a position among
the global leaders in the electrification of other transport modes, as
the country has more than 200 million electric two wheelers, 3-4 million
low-speed electric vehicles (LSEVs), and more than 300 thousand electric
buses.